Who is trading using an EA "RP4000EA" developed by Royal Prince Trading?

[sprightlyone]

hi

i started trading some 2 years ago & recently i thought would try an automated trader on my a/c . i selected one & downloaded & installed on my a/c with it running on default settings . i have tried to make contact with developer but have lucked out , so i am desparate to find a user guide or help to understand how to modify the input settings . as well as what ea line if altered will do to my trading
if anyone out there is willing to share info on this EA

 

[Captain_Chaza]

hi

i started trading some 2 years ago & recently i thought would try an automated trader on my a/c . i selected one & downloaded & installed on my a/c with it running on default settings . i have tried to make contact with developer but have lucked out , so i am desparate to find a user guide or help to understand how to modify the input settings . as well as what ea line if altered will do to my trading
if anyone out there is willing to share info on this EA

Have you watched the film on Netflix "The Masked Scammer "
I hope it isn't a Scam

 

[peter2]

Looks like RP sells EAs for auto trading forex markets through MT4, MT5 platforms.

The EA code may or may not be modified by the user. I don't know. If not, then there is nothing you can do.

You can learn to code your own EAs using Metaquote code or through a third party that uses easy to use code blocks that do the coding in the background. This sort of education is not cheap but you'll be able to create your own set of EAs in a few months.

Diversification with multiple EAs is worth considering (provided each EA can produce its own profit).

 

[sprightlyone]

hi i wasn`t interested in modifying the construction code only the input settings which i can see & change i just need a guide or help to understand the input settings

 

[peter2]

In order to adjust the parameters to suit your trading style or risk tolerance you'll first need to understand what each one does.

Once you fully understand the effect of each parameter you may find a set of values that you're happy with. However the market conditions will change and you'll become unhappy with what you've got and want to change them again. This is the beginners cycle.

Good luck breaking out from this vicious cycle. Very few beginners do.